David Kersjes and Steven Remstad (DAAD Holdings) Acquire FlowTech, Inc.

January 1, 2017

FlowTech, Inc., a Kalamazoo, Michigan-based manufacturer of fluid filtration products and purification equipment, was acquired from long-time owner Phil Ragains by individual investors David Kersjes and Steven Remstad (DAAD Holdings, Inc.). The sellers engaged Calder Capital as exclusive M&A advisor; Ragains will remain as a consultant to support the ownership transition while the new owners plan to grow the business.

Buyers
David Kersjes, Steven Remstad, DAAD Holdings, Inc.
Targets
FlowTech, Inc.
Sellers
Phil Ragains
Industry
Manufacturing
Location
Michigan, United States
Transaction Type
Buyout

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